Richard S. Guy

Office Location: Norfolk, VA., Kitty Hawk, NC.

Education
  • B.A. (magna cum laude), Dartmouth College 
  • M.B.A. and J.D., University of Virginia
Jurisdiction Licensed
  • Virginia
  • North Carolina
Professional & Community Activities
  • American Bar Association – Section on Business Law
  • Virginia Bar Association – Sections on Business Law and International Practice
  • North Carolina Bar Association – Section on Business Law
  • Dartmouth Lawyers Association
  • Norfolk and Portsmouth Bar Association
  • Virginia Beach Rotary Club
  • Boy Scouts of America, Tidewater Council, Executive Board
  • Bayside Presbyterian Church, Elder
Notable Accomplishments
  • LEAD Hampton Roads, Class of 1995
  • Listed in Best Lawyers in America®: Business Organizations (2016-present)
  • Best Lawyers in America, “Lawyer of the Year,” Business Organizations (2022)
  • Virginia Business, “Legal Elite” (2009, 15-present)

Richard Guy concentrates his practice in business formations, purchases, sales and mergers; banking, commercial finance, secured transactions and purchases, sales, and financing of fishing vessels; creditor’s rights and bankruptcy; commercial real estate; commercial litigation; maritime and admiralty law.

Richard is a “womb to tomb” business lawyer. At the start of the lifecycle of a business, Richard assists the owners in choosing the entity that is best for their particular business plan.  His assistance includes advice about financing their growth (either conventionally or through private placements), handling offensive and defensive commercial litigation, and arranging for the owners to share in the benefits of the commercial real estate that supplies the office space to the business. As businesses reach the critical mass where they seek to acquire other businesses or are themselves attractive targets, he represents both buyers and sellers in stock, asset, and merger transactions. In several instances, his clients have sold businesses he helped them start and begun the cycle again by forming new businesses with their sales proceeds.

In addition to representing borrowers, Richard represents financial institutions and private lenders in loan transactions of varying sizes.  In order to fully service the needs of lenders, he also negotiates workout agreements and handles commercial foreclosures. When borrowers file bankruptcy petitions, Richard helps lenders realize on their collateral.

Richard received a B.A. (magna cum laude) from Dartmouth College and an M.B.A. and J.D. from the University of Virginia.

In addition to his years in private practice, Richard served as in-house counsel to General Electric Capital Corporation (1986-1992) and as General Counsel and President of  Commonwealth Health Care, Inc. (1992-1996).

He is a member of the Norfolk & Portsmouth, North Carolina, Virginia, and American Bar Associations (Business Law Section), as well as Virginia and North Carolina State Bars.

News
Vandeventer Black attorneys named 2022 Best Lawyers “Lawyer of the Year”
/ Firm News
Vandeventer Black LLP lawyers were recognized by Best Lawyers as a 2022 “Lawyer of the Year.” These lawyers were selected based on impressive voting averages received during the peer-review assessments. Receiving this designation reflects the high level of respect a lawyer has earned among other leading lawyers in the same communities ...
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28 Vandeventer Black LLP lawyers named to 2022 Best Lawyers® list
/ Firm News
Vandeventer Black LLP is pleased to announce that 28 lawyers were included in the 2022 Edition of The Best Lawyers in America. The Best Lawyers in America lists are divided by geographic region and practice areas. Attorneys are reviewed by their peers based on professional expertise and undergo an authentication process. “We would ...
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Vandeventer Black Attorneys Selected as 2020 Legal Elite
/ Firm News
Thirty Vandeventer Black attorneys have been recognized as ‘Legal Elite’ for 2020 by Virginia Business Magazine. Every year, the magazine partners with the Virginia Bar Association to grant this award to attorneys nominated by their peers for this recognition. The selected attorneys are: Christopher Ambrosio, Business Law Anne G. Bibeau, ...
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Articles
THE INFORMATIONAL RIGHTS OF MINORITY SHAREHOLDERS IN VIRGINIA
/ Corporate & Business
Although minority shareholders of Virginia stock corporations have little power to elect directors or sway corporate policy, they—or their attorneys or agents—do have some basic informational rights, set out in Sections 13.1-770 through 13.1-773 of the Code of Virginia, to “inspect and copy” certain documents if they give at least ...
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DON’T LET “NON-BINDING” AGREEMENTS ACTUALLY BIND YOU
/ Corporate & Business
More often than I like, my first contact with a prospective borrower from a bank is when I am e-mailed a copy of a signed commitment letter.  In some cases, that commitment letter was preceded by a term sheet that I also didn’t see.  Similarly, often my first contact with ...
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Loaning money to your own business
/ Corporate & Business
It happens to all entrepreneurs.  A payday arrives, a critical vendor demands immediate payment, or a great purchasing opportunity arrives at a time when there isn’t enough money in the company bank account.  Suddenly you’re reaching into your own pocket and loaning money to your business.  Although sometimes the company ...
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